Inside information - an event of default expected to occur

04 Sep 2025 20:32 CEST

As required by para 3.2.1 INSIDE INFORMATION of ABM Rules, Okechamp Global B.V.
as issuer (the Issuer), pursuant to the bond terms dated 12 November 2024 (the
Bond Terms), in connection with its Q2 2025 reporting disclosed on 01/09/2025,
in which the Issuer:
1. informed about significant liquidity risk in Okechamp S.A. (the Subsidiary),
and that
2. Okechamp Global B.V. has been under the required liquidity threshold in
relation to its outstanding bonds (as of 14 August 2025 until 30 August 2025),

the Issuer is further informing that:
1. Since 30 August 2025 the Liquidity covenant, as per Clause 13.20 of the Bond
Terms, has been breached, but according to Clause 14.1 (b), the Company is
within a 20 Business Days remedy period which will end 11 September 2025. Should
the breach not be remedied by 11 September 2025, there will be an Event of
Default.
2. The Management Board of Okechamp Global B.V. has been informed that the
Subsidiary of the company – Okechamp S.A. - submitted a petition regarding the
opening of restructuring proceedings and in parallel a bankruptcy petition (the
latter is filed as a precautionary measure and out of procedural legal prudence)
into the Polish court. The decision has been undertaken also following the
analysis of the compliance with the requirements of the Polish restructuring and
insolvency law.
3. From the perspective of the planned restructuring proceedings, they will
first and foremost allow for further functioning of the subsidiary – Okechamp
S.A. as a going concern. They aim to reorganize the company to resolve its
current liquidity problems and enable further business development in the
subsequent time. The Management of Okechamp S.A is determined to restore the
company to a healthy state and continue its operations.
4. As regards the bankruptcy petition, this step was taken due to the
requirements of the Polish insolvency law as well as solely in case a consensus
could not be reached between the Subsidiary and its creditors in the course of
the remedial proceedings being a priority. The Management Board of the
Subsidiary remains confident that a consensus can be reached, but to secure the
interests of the company's stakeholders and creditors, the Management Board of
Okechamp S.A. decided to submit both petitions.
5. The Management Board of Okechamp Global B.V. is fully cooperating with the
Subsidiary in order to maintain the business of Okechamp Global B.V. group as a
going concern, and in the interests of all its stakeholders, including
creditors.
6. Since Okechamp S.A. also provided security in respect of the bond, the
Management Board of Okechamp Global B.V. is informing that the opening of
remedial proceedings does not cause the established securities to cease to exist
or become invalid.

Both Okechamp Global B.V. and Okechamp S.A. are aiming at the cooperation with
bondholders and will provide further information in compliance with binding laws
and market regulations in due time.

The Management of Okechamp Global B.V.

For inquiries, please contact: okechamp.global@okechamp.eu
SJM

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